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Nordstrom (NYSE: JWN ) stock is in the news Tuesday as reports claim that the company's founding family is seeking to take it private. According to these reports, the founding family of the fashion retailer is seeking aid from Morgan Stanley and Centerview Partners in this effort.
Nordstrom (JWN) redesigns its flagship brand to give it a trendy look. The company is focused on improving the Nordstrom Rack banner as well.
Results from the retail sector are a mixed bag, revealing shifting consumer habits that will impact results for the remainder of the year. Stocks like Ross Stores NASDAQ: ROST and Nordstrom NYSE: JWN are trending strongly because of it, but not in the same direction.
Nordstrom announced slightly better-than-expected fiscal Q4 results. But the department store chain also issued weak forward guidance, missing earnings estimates and warning sales could decline this fiscal year.
Nordstrom (JWN) posts solid fourth-quarter fiscal 2023 results. Sales at the Nordstrom Rack banner increase 14.6% year over year.
Shares in upscale department store chain Nordstrom (JWN) fell sharply ahead of Wednesday's opening bell after the company issued a softer than expected full-year outlook as customers have become more price-sensitive.
Nordstrom, Inc. (NYSE:JWN ) Q4 2023 Results Conference Call March 5, 2024 4:45 PM ET Company Participants James Duies - Head of Investor Relations Erik Nordstrom - Chief Executive Officer Cathy Smith - Chief Financial Officer Conference Call Participants Blake Anderson - Jefferies Ed Yruma - Piper Sandler Brooke Roach - Goldman Sachs Dana Telsey - Telsey Advisory Group Neil Goh - TD Cowen Warren Chang - Evercore ISI Lorraine Hutchinson - Bank of America Operator Greetings, and welcome to the Nordstrom Fourth Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Although the revenue and EPS for Nordstrom (JWN) give a sense of how its business performed in the quarter ended January 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Nordstrom (JWN) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $0.74 per share a year ago.
Zachary Warring, CFRA Equity Research Analyst, joins 'Closing Bell Overtime' to talk Ross and Nordstrom quarterly results.